Penn Capital Management Co. Inc. lessened its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,262 shares of the casino operator’s stock after selling 1,724 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Wynn Resorts were worth $1,931,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of WYNN. First Personal Financial Services increased its holdings in Wynn Resorts by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after buying an additional 360 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Wynn Resorts in the fourth quarter valued at $171,000. Calton & Associates Inc. purchased a new position in Wynn Resorts in the fourth quarter valued at $178,000. IBM Retirement Fund purchased a new position in Wynn Resorts in the fourth quarter valued at $201,000. Finally, Segment Wealth Management LLC purchased a new position in Wynn Resorts in the fourth quarter valued at $217,000. 72.80% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. Roth Capital reissued a “neutral” rating and issued a $170.00 target price on shares of Wynn Resorts in a report on Wednesday, February 7th. Barclays increased their target price on Wynn Resorts from $148.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 27th. JPMorgan Chase & Co. raised Wynn Resorts from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 7th. BidaskClub lowered Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Nomura raised Wynn Resorts from a “neutral” rating to a “buy” rating and increased their target price for the company from $175.00 to $211.00 in a report on Wednesday, February 7th. Eleven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $177.25.
Wynn Resorts, Limited (NASDAQ:WYNN) opened at $164.28 on Tuesday. The stock has a market capitalization of $16,890.00, a PE ratio of 41.38 and a beta of 1.59. Wynn Resorts, Limited has a twelve month low of $92.67 and a twelve month high of $203.63. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. sell-side analysts forecast that Wynn Resorts, Limited will post 7.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, February 14th. Wynn Resorts’s payout ratio is 50.38%.
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About Wynn Resorts
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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